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Monday, May 13, 2024

InTouch targets startups in emerging sectors

Mr Narongpon says InTouch will invest in 5G-related startups in edtech, health tech, fintech and other emerging technologies.

SET-listed InTouch Holdings is expanding its investment in venture capital funds overseas and embarking on a venture builder programme aimed at seeking startups involved in emerging technology as part of its business strategy this year.

The company said it plans to sign a US$10 million investment agreement with an Israeli venture capital fund by March, its first investment in foreign venture capital funds.

“From 2021 to 2025, we will expand our investment not only in local startups, but also overseas funds as well as ushering in a venture builder programme to build interesting startups,” said Narongpon Boonsongpaisan, vice-president of venture capital and business development at…

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